Procyon Advisors LLC Sells 377 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Procyon Advisors LLC reduced its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 24.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,194 shares of the company’s stock after selling 377 shares during the period. Procyon Advisors LLC’s holdings in Casey’s General Stores were worth $473,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. FMR LLC increased its position in Casey’s General Stores by 3.8% in the 3rd quarter. FMR LLC now owns 1,046,830 shares of the company’s stock valued at $393,305,000 after acquiring an additional 38,226 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Casey’s General Stores by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock worth $285,090,000 after purchasing an additional 119,350 shares during the last quarter. Geode Capital Management LLC raised its position in Casey’s General Stores by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 655,488 shares of the company’s stock worth $246,335,000 after purchasing an additional 8,428 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Casey’s General Stores by 49.9% during the 3rd quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock worth $204,861,000 after buying an additional 174,586 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Casey’s General Stores by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 273,332 shares of the company’s stock valued at $102,694,000 after buying an additional 702 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Up 0.1 %

CASY stock opened at $391.51 on Friday. Casey’s General Stores, Inc. has a 1-year low of $268.07 and a 1-year high of $439.68. The stock has a market cap of $14.53 billion, a P/E ratio of 27.28, a P/E/G ratio of 2.20 and a beta of 0.82. The stock’s fifty day simple moving average is $408.49 and its two-hundred day simple moving average is $389.02. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.29 by $0.56. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $4.24 earnings per share. Analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Insider Activity

In other Casey’s General Stores news, Director Mike Spanos acquired 500 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of $396.76 per share, with a total value of $198,380.00. Following the completion of the purchase, the director now owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. This represents a 19.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the transaction, the insider now owns 2,247 shares in the company, valued at $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CASY shares. Evercore ISI upped their target price on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. BMO Capital Markets reissued a “market perform” rating and set a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Gordon Haskett began coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They set a “hold” rating and a $400.00 price target on the stock. Finally, StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $424.00.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.